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Home BUSINESSData centre investment to create huge employment
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Tue, 03 Feb, 2015 12:04:11 AM
Google hands the report over to PM
FTimes – STT Report, Feb 3
 
Prime Minister Alexander Stubb spoke on occasion of handing over report on Data Centre Investment at Hamina on Monday. Photo Lehtikuva.
Foreign investment in Finnish data centre cluster could create up to 50,000 years of employment, said the report of an estimate commissioned by Google and done by the Oxford Research.
 
The report was handed over to Prime Minister Alexander Stubb and Minister for European Affairs and Foreign Trade Lenita Toivakka on Monday.
 
According to the report, the overall economic impact of the centre could reach up to 11 million euros.
 
The demand for cloud services and data traffic are experiencing robust growth, which as a result will see huge investments in data centres across Europe in the coming years.
 
According to the report, the country could get a significant share of these investments, and thus Finland could become a major European hub of digital infrastructure.
 
The strengths of the country as a data centre location include a state of the art energy infrastructure cited as the best digital infrastructure in the world, land which can be expanded, good connectivity, cool climate and safe environment.
 
Google data center in Hamina. Photo Lehtikuva.
Similarly, a positive regulatory investment was pointed out in the report as one of Finland’s strengths as a data centre location.
 
Already companies like Microsoft and Yandex have announced three huge data centre investments valued at 1.3 billion euros.
 
The biggest project is the 800 million euros data centre investment by Google in Hamina.
 
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